Ethical and Responsible Sourcing in Supply Chain (L4M4) Course Overview

Ethical and Responsible Sourcing in Supply Chain (L4M4) Course Overview

Are you ready to master the art of ethical and responsible sourcing in supply chain management? Our Commercial Negotiation [L4M5] course is designed for professionals with over 2 years of experience in a business environment. In this 60-hour course, you’ll explore key approaches to negotiating commercial agreements, understand various negotiation styles, and learn to balance power dynamics. You'll also delve into Economic factors affecting negotiations and the stages of reaching agreements. This course offers practical applications, such as evaluating Costs and prices and using Persuasion methods, ensuring you're well-prepared for real-world negotiation scenarios. Elevate your procurement and supply skills with this in-depth learning experience.

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  • Live Training (Duration : 60 Hours)
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Course Prerequisites

Minimum Required Prerequisites for Ethical and Responsible Sourcing in Supply Chain Course

To ensure you have the foundational knowledge needed to successfully undertake the Ethical and Responsible Sourcing in Supply Chain course (Commercial Negotiation [L4M5]), we recommend the following prerequisites:


  • Basic Understanding of Supply Chain Operations: Familiarity with the basic principles of how a supply chain functions will be beneficial.
  • Relevant Business Experience: Ideally, you should have over 2+ years of experience in a business environment. This will help you relate the course material to practical, real-world scenarios.
  • Interest in Procurement and Supply Chain Management: A keen interest in and commitment to learning about ethical sourcing and commercial negotiations in a supply chain context is essential.
  • No Formal Entry Requirements: As this is an entry-level qualification, there are no formal educational prerequisites required.

This course is designed for professionals who want to develop technical skills, knowledge, and competencies that are highly valued by employers in the procurement and supply chain industry. If you meet these prerequisites, you're well-positioned to succeed in this program.


Target Audience for Ethical and Responsible Sourcing in Supply Chain

Introduction:
The Ethical and Responsible Sourcing in Supply Chain course is designed for professionals with 2+ years of experience, enhancing skills needed for effective commercial negotiations within procurement and supply.


Target Audience and Job Roles:


  • Procurement Managers
  • Supply Chain Analysts
  • Contract Managers
  • Sourcing Specialists
  • Vendor Relationship Managers
  • Category Managers
  • Buyers and Purchasing Agents
  • Operations Managers
  • Logistics Coordinators
  • Procurement Officers
  • Compliance Officers
  • Sustainability Managers
  • Project Managers in Supply Chain
  • Supplier Managers
  • Business Analysts focusing on Supply Chain
  • Quality Assurance Managers in Procurement
  • Inventory Managers
  • Risk Management Professionals in Supply Chain
  • Senior Buyers
  • Chief Procurement Officers (CPOs)
  • Strategic Sourcing Managers
  • Supply Chain Consultants
  • Environmental Compliance Officers
  • Students in Supply Chain Management programs
  • Professionals transitioning into procurement roles
  • International Trade and Logistics Managers


Learning Objectives - What you will Learn in this Ethical and Responsible Sourcing in Supply Chain?

Introduction

The Ethical and Responsible Sourcing in Supply Chain course offers in-depth understanding of commercial negotiations, focusing on key techniques, economic factors, and communication skills. Perfect for those with over 2+ years of business experience, this 60-hour course sharpens negotiation competencies essential in procurement and supply chain roles.

Learning Objectives and Outcomes

  • Understand key approaches in the negotiation of commercial agreements with external organisations:

    • Analyse commercial negotiation applications in procurement and supply.
    • Differentiate between collaborative, distributive, pragmatic, and principled negotiation approaches.
    • Explain how the balance of power in commercial negotiations affects outcomes.
    • Identify different types of relationships impacting commercial negotiations.
  • Know how to prepare for negotiations with external organisations:

    • Describe types of costs and prices in commercial negotiations.
    • Contrast economic factors impacting commercial negotiations.
    • Analyse criteria used in a commercial negotiation.
    • Identify the resources required for a negotiation.
  • Understand how commercial negotiations should be undertaken:

    • Identify the stages of a commercial negotiation.
    • Appraise the key methods influencing desired outcomes.
    • Compare key communication skills that help achieve desired outcomes.
    • Analyse how to assess the process and outcomes of negotiations to inform future practice.

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